https://www.taxtmi.com/caselaws?id=777822 HC upheld concurrent findings of CIT(A) and ITAT in favour of the assessee. Additions under s. 68 for unexplained cash credits were deleted because the assessee discharged initial onus and the Revenue failed to rebut it. Similarly, additions for alleged unaccounted sales based on presumed low production yield were set aside: both CIT(A) and ITAT found no adverse material to impeach books or support AO's estimations, characterising the AO's approach as conjectural. The HC endorsed these factual findings and dismissed the Revenue's appeals. en-us Tue, 02 Sep 2025 00:00:00 +0530 Fri, 05 Sep 2025 08:10:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=777822 HC upheld concurrent findings of CIT(A) and ITAT in favour of the assessee. Additions under s. 68 for unexplained cash credits were deleted because the assessee discharged initial onus and the Revenue failed to rebut it. Similarly, additions for alleged unaccounted sales based on presumed low production yield were set aside: both CIT(A) and ITAT found no adverse material to impeach books or support AO's estimations, characterising the AO's approach as conjectural. The HC endorsed these factual findings and dismissed the Revenue's appeals. Case-Laws Income Tax Tue, 02 Sep 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=777822